Risk and Controls Process Analyst for Commercial Finance
6 days ago
The AVP, Business Risk and Controls-Commercial Finance role is a hybrid position that requires regular work inside and outside of the company office. This individual will serve as a business & operations subject matter expert (SME) for the Commercial Finance Division within First Citizens Bank's Commercial Bank.
Responsibilities:
• Implementation & execution of business processes: The selected candidate will be accountable for implementing business processes in FCB's Commercial Finance First Line of Defense (FLOD) execution teams.
• Assess business risk and implement processes and controls: The successful candidate will assess business risk and ensure that operational controls meet risk program and regulatory obligations.
• Execution support of testing activities: The chosen candidate will provide execution support for all testing activities performed, drive business process improvements based on control testing outputs, and establish change management processes to support FLOD readiness and execution.
• Partner with manager to identify trends and/or symptoms of business process and operational breakdowns: The selected candidate will partner with their manager to identify trends and/or symptoms of business process and operational breakdowns, establish change management processes to support FLOD readiness and execution, and execute review, design, and implementation of policies and procedures.
• Relationship Development: The successful candidate will work in conjunction with Commercial Finance Underwriting, Portfolio Management, and the Lending Middle Office to develop relationships and facilitate risk and control discussions with FLOD Commercial Finance execution teams.
• Qualifications:
• Bachelor's Degree and 2 years of experience in operational, strategic, and reputational risk management at a leading financial institution OR High School Diploma or GED and 6 years of experience in operational, strategic, and reputational risk management at a leading financial institution
• Required skills include supporting risk within Commercial Banking, Commercial Finance, identifying reputational strategic, compliance, technology, and operational risks, control testing, including Sox and compliance testing, post-closing credit files, and experience assessing adequacy of controls and recommending controls.
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